# PPP loan: MATHERNE INSTRUMENTATION SPECIALISTS, INC.
> **$602K** approved 04/09/2020 · Paid in Full · Loan `9850417007`
## Borrower
- **Name:** MATHERNE INSTRUMENTATION SPECIALISTS, INC.
- **Address:** 131 Capital Blvd, HOUMA, LA, 70360-7948
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Rent:** $49K
- **Utilities:** $10K
- **Debt interest:** $55K
- **Jobs reported:** 52
## Lender
- **Originating:** b1BANK
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*